/biz/ - Business & Finance

i made 10% profits on my first day trying, and -40% since then. got any tips?

>>4890750
literally nothing, this is a golden age

>>4890795
Yeah heres a tip: you have to lose everything before you become a good trader. sorry but its the truth. Itll take 6 months to a year, and you should expand into other markets

>>4890750
Ripple is so shit, don't encourage them

>>4890864
>you have to lose everything before you become a good trader.
tfw i'm making 100%+ a year for the last 5 years and never had my "lost everything" moment

>>4890885
Not if you exclusively trade the fiat pair

what's your strategy bro? i'm only a couple months into crypto and still learning new shit on here everyday, best feeling ever! Congratulations man

>>4890864
So much this, I started in May, made so much gains with those shitcoins mooning but lost it all during bilzerian crisis and china fud but since then I made it more than back and my TA is more and more on point

>>4890750
do you trade purely based on TA ?
what kind of % do you take before closing position?

>>4890905
nice larp. You are beating top hedge fund mangers every year since you started... sure

and I mean like, you have to get liquidated to learn. you have to experience the worst case scenario so you dont fuck up again

Best feeling in the world.

>>4890939
>>4890919
sorry, zero sum game

>>4890750
nice larp

>>4890750
That's nothing, I made 10k.

Yeah man, I only ever put a couple hundred into Bitcoin back in July, but I'm up to $240,000 through daytrading now. NEO, Walton, OMG, all sorts of stuff. I don't even do it much anymore.

>>4890750
feels good man. made like $16k this week alone.

>>4890953
100% a year is nothing in crypto unless you're your dealing with millions

>>4890750
> tfw dirty neet
> don't even know what you're talking about, what you're doing or how people get money
> no matter how much I read /biz/ it's just weird letters and numbers to me

>>4890864
>implying you can become a good trader without stop-losses
You're going to keep losing everything over and over again jackass.

>>4890953
I am. I don't trade crypo, i trade penny stocks. up ~150% this year
hedge funds don't trade penny stocks... so they're not really comparable 1:1.

>>4891009
yeah... THIS YEAR
its literally a new thing you cuck. you cant assume crypto will be as volatile after the bubble pops

>>4890953
>and I mean like, you have to get liquidated to learn. you have to experience the worst case scenario
oh, and yeah I guess I agree with this to an extent. I've had my fair share of 7k lost in an afternoon moments.

>>4891043
if you dont get what I mean just shut up

>>4891051
I dont believe you for a minute. you are in denial about your losses

>>4890750

made 4k and then lost 2k last night.
guys hodl your profits and spend time to reevaluate your position!

>>4891051

150% in a whole year!? Kek those are monthly gainz for cryptobros

Join a pump group and make more, I started with fuck all and made a couple hundred yesterday from a random NXT notification:

https://discord.gg/BhnC8N

>>4891163
reported to the SEC

when will you faggots learn?

>>4891101
lol.
>claims he made 5k in a month
>no proof
>i claim i made money
>im a liar

I wasn't even exaggerating, i actually made more like 180%
Just took out 5k for school, that last dip. Prior year I took out ~25k.
>>4891135
yeah, feel bad for me

>>4891473
self thought? Impressive

>>4891473
you are basically just telling me you made 100% gains playing craps

and I said 5k this week nigger

>>4890864
I started with no idea what btc is and simply bought shit because 4chan said so.
I made like 6k in 2 weeks with daytrading shitcoins I had no idea about

However I stopped afterwards because it was a godawful boring task. Id literally rather work.

>>4890864
That’s why I’m starting with just a little money. Like <$2k. Literally brainlet here I will definitely lose most of it. Luckily once I’ve learned a lesson two or three times I don’t forget.

>>4891473
also NICE LARP
Demo money

>>4891499
yeah, started when i was 18 with money I made at Mcdonalds. and then kept contributing to the count for the next 3 years while I learned. Started big boards until i realize i wasn't going to make any money with just 3k.

>>4891527
Cool? I've dedicated like 80 hours total to this, this year lol.
thats 180%.
>>4891556
lol

>>4891551
nice larp
buying bitcoin doesnt count, everyone here made shit tons from it. "id rather work" he says

>>4891562
the reason i bring up hedgefunds is because they specialize in absolute returns... theres no way you can 100% without a huge risk involved. Im going to assume that isnt your entire networth and you have proper investments... right

I just realized...

All these people saying, "nice larp" or whatever, you're the people successful daytraders are selling to.

>>4891613
you just said you put a couple hundred in bitcoin in july and now have 240k. youre just lying bro. Lies arent a good look for you

>>4890750
Started 1 week ago I've had 6 profitable days and a job. I literally look at charts whilst doing my day job driving around. Nothing gonna stop me becoming a bizllionare.

>>4891645
I don't understand what's not believable. Crypto millionaires post here every day, they've done far better than myself.

>>4891585
I did that when btc was 1300.
I made gains with shitcoins by buying low selling high

>>4890908
This right here. Buy $0.17, sell during the random pumps up to $0.27 or whatever, then dump. Repeat. Easiest swing trade ever.

As you said, OP. Nothing better than this. And Ripple is very predictable, it always repeats this cycle.

>>4891703
because you would have to blindly go all in on every successful ICO to make what you claim. crypto millionares are typically smart money for ETH or bitcoin...

>>4891720
yeah ok bro you probably were a noob like everybody else and held a few of those shitcoins to the ground

how is this actually different from gambling?

>>4892039
its not, you are playing against other people though so the odds arent so heavily against you..

>>4892039
>implying anything in finance isn't just fancy gambling

How much money did u bros invest for the first time, i'm from poorfag country with not a lot money, and i really wan't to get rich and fuck biches but i don't know if its worth it.